5,928 Shares in Aon plc (NYSE:AON) Acquired by Allstate Corp

Allstate Corp purchased a new stake in Aon plc (NYSE:AON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,928 shares of the financial services provider's stock, valued at approximately $2,129,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in AON in the fourth quarter valued at approximately $596,665,000. Artisan Partners Limited Partnership grew its stake in shares of AON by 86.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock valued at $742,582,000 after buying an additional 960,204 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider's stock worth $140,404,000 after buying an additional 390,017 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider's stock valued at $921,182,000 after acquiring an additional 343,592 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in AON by 28.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider's stock valued at $448,137,000 after acquiring an additional 275,525 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

AON Stock Up 1.0 %

Shares of AON stock traded up $4.08 during trading hours on Monday, hitting $398.63. 1,339,059 shares of the company were exchanged, compared to its average volume of 1,193,075. The stock has a market capitalization of $86.10 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 2.12 and a beta of 0.92. Aon plc has a one year low of $268.06 and a one year high of $412.97. The business's 50-day simple moving average is $389.38 and its two-hundred day simple moving average is $372.75. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40.

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AON (NYSE:AON - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts' consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the prior year, the firm posted $3.89 EPS. Sell-side analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON's payout ratio is currently 21.33%.

Analyst Ratings Changes

AON has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on AON from $410.00 to $445.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research note on Tuesday, March 25th. Royal Bank of Canada raised their target price on shares of AON from $390.00 to $400.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their target price on AON from $411.00 to $414.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $386.21.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.